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21 Mar 2017 07:00
PENDRAGON PLC - Director/PDMR ShareholdingPENDRAGON PLC - Director/PDMR Shareholding
PR Newswire
London, March 20
Pendragon PLC (“the Company”)
Notification of Transactions by Persons Discharging Managerial Responsibilities (“PDMRs”) & Vesting of 2014 LTIP
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation (Regulation (EU) No. 596/2014).
Vesting of 2014 LTIP
The Company was notified on the 21 March 2017 that the following executive directors have received Shares following the vesting of conditional share awards at nil cost on 20 March 2017. The awards were made to executive directors on 20 March 2014, under the Company’s Long Term Incentive Plan (“LTIP”) and have vested by operation of the conditional award and vesting process. The Shares will be retained for a minimum period of six months from vesting. The executive directors retained all vested Shares (net of any sold to discharge tax liabilities arising on vesting) as detailed in the following table:-
| Director | Nature of Transaction | Shares Vested | Date Vested & Date sold | Shares Sold (including those sold to discharge tax liability) | Price sold at: | Shares retained by Director or connected person | Beneficial holding following LTIP vesting | Beneficial Holding following LTIP vesting as a % of issued share capital |
| T G Finn | Vesting of 2014 LTIP | 2,411,353 | 20.03.17 | 0 | n/a | 2,411,353 | 20,627,976 | 1.44% |
| M S Casha | Vesting of 2014 LTIP | 1,448,820 | 20.03.17 | 683,341 | £0.3421 | 765,479 | 9,559,780 | 0.67% |
| T P Holden | Vesting of 2014 LTIP | 1,148,838 | 20.03.17 | 541,854 | £0.3421 | 606,984 | 2,131,331 | 0.15% |
Notification of Deal Forms of each PDMR/PCA can be found below.
| 1. | Details of the person discharging managerial responsibilities/persons closely associated | |||||
| a) | Name | Trevor Finn | ||||
| 2. | Reason for notification | |||||
| a) | Position/Status | Chief Executive | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Pendragon PLC | ||||
| b) | LEI | 213800VRSPZFOGMMIS18 | ||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument and identification code | Ordinary Shares of £0.05 each ISIN: GB00B1JQBT10 | ||||
| b) | Nature of transaction | Vesting of conditional share awards at nil cost | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated Information | n/a | ||||
| e) | Date of transaction | 20 March 2017 | ||||
| f) | Place of transaction | London Stock Exchange (XLON) | ||||
| 1. | Details of the person discharging managerial responsibilities/persons closely associated | |||||
| a) | Name | Martin Casha | ||||
| 2. | Reason for notification | |||||
| a) | Position/Status | Chief Operating Officer | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Pendragon PLC | ||||
| b) | LEI | 213800VRSPZFOGMMIS18 | ||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument and identification code | Ordinary Shares of £0.05 each ISIN: GB00B1JQBT10 | ||||
| b) | Nature of transaction | Vesting of conditional share awards at nil cost | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated Information | n/a | ||||
| e) | Date of transaction | 20 March 2017 | ||||
| f) | Place of transaction | London Stock Exchange (XLON) | ||||
| 1. | Details of the person discharging managerial responsibilities/persons closely associated | |||||||
| a) | Name | Martin Casha | ||||||
| 2. | Reason for notification | |||||||
| a) | Position/Status | Chief Operating Officer | ||||||
| b) | Initial notification/amendment | Initial notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name | Pendragon PLC | ||||||
| b) | LEI | 213800VRSPZFOGMMIS18 | ||||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a) | Description of the financial instrument, type of instrument and identification code | Ordinary Shares of £0.05 each ISIN: GB00B1JQBT10 | ||||||
| b) | Nature of transaction | Sale of shares following the vesting of conditional shares at nil cost | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated Information |
| ||||||
| e) | Date of transaction | 20 March 2017 | ||||||
| f) | Place of transaction | London Stock Exchange (XLON) | ||||||
| 1. | Details of the person discharging managerial responsibilities/persons closely associated | |||||
| a) | Name | Tim Holden | ||||
| 2. | Reason for notification | |||||
| a) | Position/Status | Finance Director | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Pendragon PLC | ||||
| b) | LEI | 213800VRSPZFOGMMIS18 | ||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument and identification code | Ordinary Shares of £0.05 each ISIN: GB00B1JQBT10 | ||||
| b) | Nature of transaction | Vesting of conditional share awards at nil cost | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated Information | n/a | ||||
| e) | Date of transaction | 20 March 2017 | ||||
| f) | Place of transaction | London Stock Exchange (XLON) | ||||
| 1. | Details of the person discharging managerial responsibilities/persons closely associated | |||||||
| a) | Name | Tim Holden | ||||||
| 2. | Reason for notification | |||||||
| a) | Position/Status | Finance Director | ||||||
| b) | Initial notification/amendment | Initial notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name | Pendragon PLC | ||||||
| b) | LEI | 213800VRSPZFOGMMIS18 | ||||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a) | Description of the financial instrument, type of instrument and identification code | Ordinary Shares of £0.05 each ISIN: GB00B1JQBT10 | ||||||
| b) | Nature of transaction | Sale of shares following the vesting of conditional shares at nil cost | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated Information |
| ||||||
| e) | Date of transaction | 20 March 2017 | ||||||
| f) | Place of transaction | London Stock Exchange (XLON) | ||||||
Directors’ Transaction
| Director or Person Closely Associated (PCA) | Nature of Transaction | Date Transferred | Shares Disposed or Acquired | Price per share or value of transaction: | Holding following transfer on 20.03.17: | Holding following transfer as a % of issued share capital on 20.03.17: |
| T P Holden | Off-market disposal of beneficial interest (inter-spouse transfer) | 20.03.17 | 367,635 | £nil | 686,984 | 0.05% |
| J Holden (PCA) | Off market acquisition of beneficial interest (inter-spouse transfer) | 20.03.17 | 367,635 | £nil | 1,444,347 | 0.10% |
Following the vesting of the 2014 LTIP and the further directors’ transactions, the executive directors’ respective beneficial holdings in the Shares is as follows:-
| Director | Beneficial Holding | Beneficial Holding as a % of share capital |
| T G Finn | 20,627,976 | 1.44% |
| M S Casha | 9,559,780 | 0.67% |
| T P Holden | 2,131,331 | 0.15% |
RICHARD MALONEY
COMPANY SECRETARY
21 MARCH 2017
Enquiries: Pendragon PLC Trevor Finn Tel: 01623 725114
Tim Holden
RLM Finsbury Gordon Simpson Tel: 0207 2513801
-ENDS-
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